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Tuesday, August 26, 2014

CWT Limited - Big player money coming in again?

CWT limited had a good 2 month run from march to June 2014, after that it went into a sideway consolidation phase, which our Supertrend system indicate as orange candle, 3 days ago, the price break above the Resistance line and we see this as a change in trend. CWT limited could possibly end its sideway trend and start moving higher from here. With our smart money indicator, we see that the blue bars is building up, this is the sign that the big player is just coming into this stock again.

Current support is at $1.69, if break this level the trend might go down from here.

OCBC Research

Fri, 8 Aug 2014, 10:19:48 SGT

CWT Limited’s 2Q14 revenue increased 114% YoY to S$3.7b while PATMI was 64% higher at S$30.3m. The increase in revenue was driven by Commodity Marketing business while the growth in profit was primarily attributable to: 1) trade services in Financial Services segment, and 2) increased capacity in Logistics business. 1H14 PATMI came in at S$66.3m, meeting our expectation as it forms 43.9% of our FY14 forecast. Additionally, CWT recently obtained approval to redevelop an existing property at 47 Jalan Buroh into a new generation ~2.2m sq ft integrated warehouse cum container port logistics complex. We incorporate the latest results and derive a new TP of S$2.01 (previous: S$1.92). Near-term growth will still be driven by increased logistics capacity and new energy trading products. We think that the recent price retreat since Jul-14 presents an opportunity for accumulation. Maintain BUY.Market Outlook & Individual Stock Analysis using ART Trading Systems

Dates:

28 Aug (Thur) 华文讲座

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